{smcl}
{txt}{sf}{ul off}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}R:\WSV2\TBu_AKe\Spatial_NEW\spatial_6_regs_grid_2703.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}29 Mar 2023, 14:36:18
{txt}
{com}.  
. 
.                         ***************************
.                         * run regression: OLS, fe *
.                         ***************************             
.                         
. use spatial_regs_grid_monthly, replace  
{txt}
{com}.                         
.                         *** Outcome #1 : sales 
.                         
. *preserve
. spmatrix dir 
{res}{txt}{space 2}(no weighting matrices found)
{com}. keep if year == 2014 // no changes. otherwise matrices are wrong in previous.   
{txt}(0 observations deleted)

{com}.         
.         
.                         ***************************
.                         ***** Single Matrix *****
.                         ***************************     
.                         
. ***************** OUTCOME SALES LEVEL ****************************
. 
. 
.                         **********************************************
.                         ***** #1: country and cell fixed-effects *****
.                         **********************************************
.         
. 
. ** log and ihs transformations to the untransformed data **
. 
.                 *** outcomes and polar cases 
. foreach varx of varlist csd L3_sd R_L3_sd H_L3_sd               ccd L3_cd    R_L3_cd H_L3_cd {c -(}
{txt}  2{com}. 
.    gen     log_`varx'=log(1+`varx')
{txt}  3{com}.    gen     ihs_`varx'=`varx'+(`varx'^2+1)^0.5
{txt}  4{com}.    replace ihs_`varx'=log(ihs_`varx')
{txt}  5{com}.  {c )-}
{txt}(1 missing value generated)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)

{com}.  
.                 *** spatial variables *** 
. forvalues q = 5(5)40 {c -(} 
{txt}  2{com}.         foreach varx of varlist         W`q'_L3_sd O`q'_L3_sd   W`q'_L3_cd O`q'_L3_cd {c -(}
{txt}  3{com}. 
.    gen     log_`varx'=log(1+`varx')
{txt}  4{com}.    gen     ihs_`varx'=`varx'+(`varx'^2+1)^0.5
{txt}  5{com}.    replace ihs_`varx'=log(ihs_`varx')
{txt}  6{com}.         {c )-}
{txt}  7{com}. {c )-}
{txt}(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)
(415,800 real changes made)

{com}. 
. ** Results for untransformed data **
. 
.              *** Polar cases **    
. 
. reghdfe  csd    L3_sd   R_L3_sd                                 if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0945

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809859{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145676{col 67}{space 3} .5474042
{txt}{space 5}R_L3_sd {c |}{col 14}{res}{space 2} .1104872{col 26}{space 2} .1165758{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237806{col 67}{space 3} .3447551
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84585{col 26}{space 2} 38.95154{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4302046{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store fe2_R
{txt}
{com}. 
. reghdfe  csd    L3_sd   H_L3_sd                                 if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0829
{txt}{col 51}R-squared{col 67}= {res}    0.5714
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5642
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2540
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  536.0707

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .3542757{col 26}{space 2} .1737831{col 37}{space 1}    2.04{col 46}{space 3}0.047{col 54}{space 4} .0050456{col 67}{space 3} .7035058
{txt}{space 5}H_L3_sd {c |}{col 14}{res}{space 2} .0676569{col 26}{space 2}  .046803{col 37}{space 1}    1.45{col 46}{space 3}0.155{col 54}{space 4}-.0263973{col 67}{space 3} .1617111
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 80.38777{col 26}{space 2} 28.91743{col 37}{space 1}    2.78{col 46}{space 3}0.008{col 54}{space 4} 22.27603{col 67}{space 3} 138.4995
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store fe2_H
{txt}
{com}. 
.                          *** Northwest quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  csd    L3_sd   W`q'_L3_sd                                      if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store fe2_W`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.68
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0324
{txt}{col 51}R-squared{col 67}= {res}    0.5713
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5641
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2539
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  536.1283

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .3346813{col 26}{space 2} .1876445{col 37}{space 1}    1.78{col 46}{space 3}0.081{col 54}{space 4}-.0424046{col 67}{space 3} .7117671
{txt}{space 4}W5_L3_sd {c |}{col 14}{res}{space 2} .0685414{col 26}{space 2}  .071538{col 37}{space 1}    0.96{col 46}{space 3}0.343{col 54}{space 4}-.0752196{col 67}{space 3} .2123024
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 81.11392{col 26}{space 2} 24.17003{col 37}{space 1}    3.36{col 46}{space 3}0.002{col 54}{space 4} 32.54243{col 67}{space 3} 129.6854
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.30
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1107
{txt}{col 51}R-squared{col 67}= {res}    0.5760
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5689
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2620
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.1965

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2828862{col 26}{space 2} .1361239{col 37}{space 1}    2.08{col 46}{space 3}0.043{col 54}{space 4}  .009335{col 67}{space 3} .5564374
{txt}{space 3}W10_L3_sd {c |}{col 14}{res}{space 2} .1129901{col 26}{space 2} .1141554{col 37}{space 1}    0.99{col 46}{space 3}0.327{col 54}{space 4}-.1164137{col 67}{space 3} .3423939
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  76.9278{col 26}{space 2} 38.79011{col 37}{space 1}    1.98{col 46}{space 3}0.053{col 54}{space 4}-1.023833{col 67}{space 3} 154.8794
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.36
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1050
{txt}{col 51}R-squared{col 67}= {res}    0.5739
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5668
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2584
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  534.4873

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2945425{col 26}{space 2} .1363761{col 37}{space 1}    2.16{col 46}{space 3}0.036{col 54}{space 4} .0204844{col 67}{space 3} .5686005
{txt}{space 3}W15_L3_sd {c |}{col 14}{res}{space 2} .0918096{col 26}{space 2} .1001818{col 37}{space 1}    0.92{col 46}{space 3}0.364{col 54}{space 4}-.1095133{col 67}{space 3} .2931325
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 80.76755{col 26}{space 2} 36.98301{col 37}{space 1}    2.18{col 46}{space 3}0.034{col 54}{space 4} 6.447404{col 67}{space 3} 155.0877
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1045
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5690
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2622
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.1099

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2811626{col 26}{space 2} .1326479{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145967{col 67}{space 3} .5477285
{txt}{space 3}W20_L3_sd {c |}{col 14}{res}{space 2} .1102188{col 26}{space 2} .1162039{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1233017{col 67}{space 3} .3437393
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  77.8904{col 26}{space 2} 38.89673{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.2755064{col 67}{space 3} 156.0563
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0944

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809854{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145673{col 67}{space 3} .5474036
{txt}{space 3}W25_L3_sd {c |}{col 14}{res}{space 2}  .110488{col 26}{space 2} .1165763{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237809{col 67}{space 3} .3447568
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84571{col 26}{space 2} 38.95162{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4304942{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0945

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809859{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145676{col 67}{space 3} .5474041
{txt}{space 3}W30_L3_sd {c |}{col 14}{res}{space 2} .1104872{col 26}{space 2} .1165758{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237806{col 67}{space 3} .3447551
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84584{col 26}{space 2} 38.95154{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4302134{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0945

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809859{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145676{col 67}{space 3} .5474042
{txt}{space 3}W35_L3_sd {c |}{col 14}{res}{space 2} .1104872{col 26}{space 2} .1165758{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237806{col 67}{space 3} .3447551
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84585{col 26}{space 2} 38.95154{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4302046{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0945

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809859{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145676{col 67}{space 3} .5474042
{txt}{space 3}W40_L3_sd {c |}{col 14}{res}{space 2} .1104872{col 26}{space 2} .1165758{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237806{col 67}{space 3} .3447551
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84585{col 26}{space 2} 38.95154{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4302046{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                          *** Northeast quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  csd    L3_sd   O`q'_L3_sd                                      if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store fe2_O`q'
{txt}  4{com}. {c )-}                        
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.07
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0232
{txt}{col 51}R-squared{col 67}= {res}    0.5728
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5656
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2564
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  535.2221

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .3249286{col 26}{space 2} .1825837{col 37}{space 1}    1.78{col 46}{space 3}0.081{col 54}{space 4}-.0419871{col 67}{space 3} .6918444
{txt}{space 4}O5_L3_sd {c |}{col 14}{res}{space 2} .0888872{col 26}{space 2} .0591391{col 37}{space 1}    1.50{col 46}{space 3}0.139{col 54}{space 4}-.0299573{col 67}{space 3} .2077317
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  77.2232{col 26}{space 2} 25.26217{col 37}{space 1}    3.06{col 46}{space 3}0.004{col 54}{space 4} 26.45697{col 67}{space 3} 127.9894
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.31
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1104
{txt}{col 51}R-squared{col 67}= {res}    0.5768
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5698
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2635
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  532.6627

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2765813{col 26}{space 2} .1356128{col 37}{space 1}    2.04{col 46}{space 3}0.047{col 54}{space 4} .0040572{col 67}{space 3} .5491054
{txt}{space 3}O10_L3_sd {c |}{col 14}{res}{space 2} .1225046{col 26}{space 2} .1229555{col 37}{space 1}    1.00{col 46}{space 3}0.324{col 54}{space 4}-.1245836{col 67}{space 3} .3695929
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 75.35586{col 26}{space 2} 39.80658{col 37}{space 1}    1.89{col 46}{space 3}0.064{col 54}{space 4}-4.638462{col 67}{space 3} 155.3502
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.35
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1060
{txt}{col 51}R-squared{col 67}= {res}    0.5741
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5670
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2588
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  534.3567

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2914693{col 26}{space 2} .1362823{col 37}{space 1}    2.14{col 46}{space 3}0.037{col 54}{space 4} .0175999{col 67}{space 3} .5653388
{txt}{space 3}O15_L3_sd {c |}{col 14}{res}{space 2} .0961467{col 26}{space 2} .1064217{col 37}{space 1}    0.90{col 46}{space 3}0.371{col 54}{space 4}-.1177156{col 67}{space 3} .3100091
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 80.07851{col 26}{space 2} 37.58664{col 37}{space 1}    2.13{col 46}{space 3}0.038{col 54}{space 4}  4.54532{col 67}{space 3} 155.6117
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1045
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5690
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2622
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.1185

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2811969{col 26}{space 2} .1326348{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0146573{col 67}{space 3} .5477365
{txt}{space 3}O20_L3_sd {c |}{col 14}{res}{space 2} .1101565{col 26}{space 2} .1162492{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1234549{col 67}{space 3} .3437679
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  77.9017{col 26}{space 2} 38.90238{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.2755531{col 67}{space 3} 156.0789
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0944

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809854{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145673{col 67}{space 3} .5474036
{txt}{space 3}O25_L3_sd {c |}{col 14}{res}{space 2}  .110488{col 26}{space 2} .1165763{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237809{col 67}{space 3} .3447568
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84571{col 26}{space 2} 38.95162{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4304942{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0945

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809859{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145676{col 67}{space 3} .5474041
{txt}{space 3}O30_L3_sd {c |}{col 14}{res}{space 2} .1104872{col 26}{space 2} .1165758{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237806{col 67}{space 3} .3447551
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84584{col 26}{space 2} 38.95154{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4302134{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0945

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809859{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145676{col 67}{space 3} .5474042
{txt}{space 3}O35_L3_sd {c |}{col 14}{res}{space 2} .1104872{col 26}{space 2} .1165758{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237806{col 67}{space 3} .3447551
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84585{col 26}{space 2} 38.95154{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4302046{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      2.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.1044
{txt}{col 51}R-squared{col 67}= {res}    0.5761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.5691
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2623
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}  533.0945

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_sd {c |}{col 14}{res}{space 2} .2809859{col 26}{space 2} .1325744{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0145676{col 67}{space 3} .5474042
{txt}{space 3}O40_L3_sd {c |}{col 14}{res}{space 2} .1104872{col 26}{space 2} .1165758{col 37}{space 1}    0.95{col 46}{space 3}0.348{col 54}{space 4}-.1237806{col 67}{space 3} .3447551
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 77.84585{col 26}{space 2} 38.95154{col 37}{space 1}    2.00{col 46}{space 3}0.051{col 54}{space 4}-.4302046{col 67}{space 3} 156.1219
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
. 
.     ** Results for log transformed data **
. 
.              *** Polar cases **    
. 
. reghdfe  log_csd    log_L3_sd   log_R_L3_sd                                     if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8887
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8868
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1910
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7036

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2914201{col 26}{space 2}  .074004{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .1427036{col 67}{space 3} .4401367
{txt}{space 1}log_R_L3_sd {c |}{col 14}{res}{space 2} .1742513{col 26}{space 2} .0613689{col 37}{space 1}    2.84{col 46}{space 3}0.007{col 54}{space 4} .0509258{col 67}{space 3} .2975768
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3544054{col 26}{space 2}  .114904{col 37}{space 1}    3.08{col 46}{space 3}0.003{col 54}{space 4} .1234971{col 67}{space 3} .5853137
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store log_fe2_R
{txt}
{com}. 
. reghdfe  log_csd    log_L3_sd   log_H_L3_sd                                     if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.70
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8869
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8850
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1782
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7091

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3116736{col 26}{space 2} .0770314{col 37}{space 1}    4.05{col 46}{space 3}0.000{col 54}{space 4} .1568731{col 67}{space 3} .4664741
{txt}{space 1}log_H_L3_sd {c |}{col 14}{res}{space 2} .1183223{col 26}{space 2} .0410063{col 37}{space 1}    2.89{col 46}{space 3}0.006{col 54}{space 4}  .035917{col 67}{space 3} .2007276
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3634763{col 26}{space 2} .1223256{col 37}{space 1}    2.97{col 46}{space 3}0.005{col 54}{space 4} .1176537{col 67}{space 3} .6092988
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store log_fe2_H
{txt}
{com}. 
.                          *** Northwest quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  log_csd    log_L3_sd   log_W`q'_L3_sd                                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_fe2_W`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.64
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8855
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1814
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7077

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3042409{col 26}{space 2} .0749396{col 37}{space 1}    4.06{col 46}{space 3}0.000{col 54}{space 4}  .153644{col 67}{space 3} .4548377
{txt}log_W5_L3_sd {c |}{col 14}{res}{space 2} .1274627{col 26}{space 2} .0434873{col 37}{space 1}    2.93{col 46}{space 3}0.005{col 54}{space 4} .0400716{col 67}{space 3} .2148537
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3408242{col 26}{space 2} .1236209{col 37}{space 1}    2.76{col 46}{space 3}0.008{col 54}{space 4} .0923987{col 67}{space 3} .5892496
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.86
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8855
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1815
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7077

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2972608{col 27}{space 2} .0757017{col 38}{space 1}    3.93{col 47}{space 3}0.000{col 55}{space 4} .1451326{col 68}{space 3} .4493891
{txt}log_W10_L3_sd {c |}{col 15}{res}{space 2} .1308015{col 27}{space 2} .0432946{col 38}{space 1}    3.02{col 47}{space 3}0.004{col 55}{space 4} .0437977{col 68}{space 3} .2178053
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3744188{col 27}{space 2} .1060057{col 38}{space 1}    3.53{col 47}{space 3}0.001{col 55}{space 4} .1613925{col 68}{space 3} .5874452
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.27
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8872
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8853
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1802
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7082

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2972602{col 27}{space 2} .0763125{col 38}{space 1}    3.90{col 47}{space 3}0.000{col 55}{space 4} .1439044{col 68}{space 3} .4506159
{txt}log_W15_L3_sd {c |}{col 15}{res}{space 2} .1255296{col 27}{space 2} .0430067{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .0391045{col 68}{space 3} .2119547
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4020525{col 27}{space 2} .0975596{col 38}{space 1}    4.12{col 47}{space 3}0.000{col 55}{space 4} .2059991{col 68}{space 3} .5981058
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.94
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8882
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8864
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1880
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7049

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2951843{col 27}{space 2} .0748715{col 38}{space 1}    3.94{col 47}{space 3}0.000{col 55}{space 4} .1447244{col 68}{space 3} .4456443
{txt}log_W20_L3_sd {c |}{col 15}{res}{space 2} .1541308{col 27}{space 2} .0523041{col 38}{space 1}    2.95{col 47}{space 3}0.005{col 55}{space 4} .0490218{col 68}{space 3} .2592398
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3709699{col 27}{space 2} .1039164{col 38}{space 1}    3.57{col 47}{space 3}0.001{col 55}{space 4} .1621422{col 68}{space 3} .5797977
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8885
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8867
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1901
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7040

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2923138{col 27}{space 2} .0740827{col 38}{space 1}    3.95{col 47}{space 3}0.000{col 55}{space 4}  .143439{col 68}{space 3} .4411886
{txt}log_W25_L3_sd {c |}{col 15}{res}{space 2} .1712325{col 27}{space 2}  .059943{col 38}{space 1}    2.86{col 47}{space 3}0.006{col 55}{space 4} .0507726{col 68}{space 3} .2916924
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3570923{col 27}{space 2} .1135959{col 38}{space 1}    3.14{col 47}{space 3}0.003{col 55}{space 4} .1288128{col 68}{space 3} .5853718
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.93
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8886
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8867
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1905
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7038

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2917864{col 27}{space 2} .0739863{col 38}{space 1}    3.94{col 47}{space 3}0.000{col 55}{space 4} .1431054{col 68}{space 3} .4404673
{txt}log_W30_L3_sd {c |}{col 15}{res}{space 2} .1732662{col 27}{space 2} .0610861{col 38}{space 1}    2.84{col 47}{space 3}0.007{col 55}{space 4} .0505091{col 68}{space 3} .2960233
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3551618{col 27}{space 2} .1148335{col 38}{space 1}    3.09{col 47}{space 3}0.003{col 55}{space 4} .1243953{col 68}{space 3} .5859283
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8887
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8868
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1910
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7036

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2914201{col 27}{space 2}  .074004{col 38}{space 1}    3.94{col 47}{space 3}0.000{col 55}{space 4} .1427036{col 68}{space 3} .4401367
{txt}log_W35_L3_sd {c |}{col 15}{res}{space 2} .1742513{col 27}{space 2} .0613689{col 38}{space 1}    2.84{col 47}{space 3}0.007{col 55}{space 4} .0509258{col 68}{space 3} .2975768
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3544054{col 27}{space 2}  .114904{col 38}{space 1}    3.08{col 47}{space 3}0.003{col 55}{space 4} .1234971{col 68}{space 3} .5853137
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8887
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8868
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1910
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7036

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2914201{col 27}{space 2}  .074004{col 38}{space 1}    3.94{col 47}{space 3}0.000{col 55}{space 4} .1427036{col 68}{space 3} .4401367
{txt}log_W40_L3_sd {c |}{col 15}{res}{space 2} .1742513{col 27}{space 2} .0613689{col 38}{space 1}    2.84{col 47}{space 3}0.007{col 55}{space 4} .0509258{col 68}{space 3} .2975768
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3544054{col 27}{space 2}  .114904{col 38}{space 1}    3.08{col 47}{space 3}0.003{col 55}{space 4} .1234971{col 68}{space 3} .5853137
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                          *** Northeast quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  log_csd    log_L3_sd   log_O`q'_L3_sd                                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_fe2_O`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.94
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8877
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8858
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1840
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7066

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3022181{col 26}{space 2} .0767957{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .1478914{col 67}{space 3} .4565448
{txt}log_O5_L3_sd {c |}{col 14}{res}{space 2} .1650947{col 26}{space 2} .0633939{col 37}{space 1}    2.60{col 46}{space 3}0.012{col 54}{space 4} .0376999{col 67}{space 3} .2924895
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3158603{col 26}{space 2}  .131037{col 37}{space 1}    2.41{col 46}{space 3}0.020{col 54}{space 4} .0525315{col 67}{space 3}  .579189
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.44
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8868
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8849
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1773
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7095

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2976088{col 27}{space 2} .0719785{col 38}{space 1}    4.13{col 47}{space 3}0.000{col 55}{space 4} .1529627{col 68}{space 3}  .442255
{txt}log_O10_L3_sd {c |}{col 15}{res}{space 2} .1315661{col 27}{space 2} .0515606{col 38}{space 1}    2.55{col 47}{space 3}0.014{col 55}{space 4} .0279512{col 68}{space 3}  .235181
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3924829{col 27}{space 2} .1172113{col 38}{space 1}    3.35{col 47}{space 3}0.002{col 55}{space 4}  .156938{col 68}{space 3} .6280278
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8862
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8843
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1729
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7114

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2980855{col 27}{space 2} .0742598{col 38}{space 1}    4.01{col 47}{space 3}0.000{col 55}{space 4} .1488549{col 68}{space 3} .4473161
{txt}log_O15_L3_sd {c |}{col 15}{res}{space 2} .1179756{col 27}{space 2}  .046389{col 38}{space 1}    2.54{col 47}{space 3}0.014{col 55}{space 4} .0247535{col 68}{space 3} .2111977
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4247222{col 27}{space 2} .1036852{col 38}{space 1}    4.10{col 47}{space 3}0.000{col 55}{space 4}  .216359{col 68}{space 3} .6330854
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.94
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8882
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8864
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1880
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7049

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2939106{col 27}{space 2} .0748134{col 38}{space 1}    3.93{col 47}{space 3}0.000{col 55}{space 4} .1435673{col 68}{space 3} .4442538
{txt}log_O20_L3_sd {c |}{col 15}{res}{space 2} .1547824{col 27}{space 2} .0530265{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .0482217{col 68}{space 3} .2613431
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3701538{col 27}{space 2} .1045578{col 38}{space 1}    3.54{col 47}{space 3}0.001{col 55}{space 4}  .160037{col 68}{space 3} .5802706
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8885
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8867
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1901
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7040

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2923138{col 27}{space 2} .0740827{col 38}{space 1}    3.95{col 47}{space 3}0.000{col 55}{space 4}  .143439{col 68}{space 3} .4411886
{txt}log_O25_L3_sd {c |}{col 15}{res}{space 2} .1712325{col 27}{space 2}  .059943{col 38}{space 1}    2.86{col 47}{space 3}0.006{col 55}{space 4} .0507726{col 68}{space 3} .2916924
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3570923{col 27}{space 2} .1135959{col 38}{space 1}    3.14{col 47}{space 3}0.003{col 55}{space 4} .1288128{col 68}{space 3} .5853718
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.93
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8886
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8867
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1905
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7038

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2917864{col 27}{space 2} .0739863{col 38}{space 1}    3.94{col 47}{space 3}0.000{col 55}{space 4} .1431054{col 68}{space 3} .4404673
{txt}log_O30_L3_sd {c |}{col 15}{res}{space 2} .1732662{col 27}{space 2} .0610861{col 38}{space 1}    2.84{col 47}{space 3}0.007{col 55}{space 4} .0505091{col 68}{space 3} .2960233
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3551618{col 27}{space 2} .1148335{col 38}{space 1}    3.09{col 47}{space 3}0.003{col 55}{space 4} .1243953{col 68}{space 3} .5859283
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8887
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8868
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1910
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7036

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2914201{col 27}{space 2}  .074004{col 38}{space 1}    3.94{col 47}{space 3}0.000{col 55}{space 4} .1427036{col 68}{space 3} .4401367
{txt}log_O35_L3_sd {c |}{col 15}{res}{space 2} .1742513{col 27}{space 2} .0613689{col 38}{space 1}    2.84{col 47}{space 3}0.007{col 55}{space 4} .0509258{col 68}{space 3} .2975768
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3544054{col 27}{space 2}  .114904{col 38}{space 1}    3.08{col 47}{space 3}0.003{col 55}{space 4} .1234971{col 68}{space 3} .5853137
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.95
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8887
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8868
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1910
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7036

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2914201{col 27}{space 2}  .074004{col 38}{space 1}    3.94{col 47}{space 3}0.000{col 55}{space 4} .1427036{col 68}{space 3} .4401367
{txt}log_O40_L3_sd {c |}{col 15}{res}{space 2} .1742513{col 27}{space 2} .0613689{col 38}{space 1}    2.84{col 47}{space 3}0.007{col 55}{space 4} .0509258{col 68}{space 3} .2975768
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3544054{col 27}{space 2}  .114904{col 38}{space 1}    3.08{col 47}{space 3}0.003{col 55}{space 4} .1234971{col 68}{space 3} .5853137
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.     ** Results for ihs transformed data **
. 
. 
.              *** Polar cases **    
. 
. reghdfe  ihs_csd    ihs_L3_sd   ihs_R_L3_sd                                     if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1673
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7865

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2814817{col 26}{space 2} .0746465{col 37}{space 1}    3.77{col 46}{space 3}0.000{col 54}{space 4} .1314739{col 67}{space 3} .4314894
{txt}{space 1}ihs_R_L3_sd {c |}{col 14}{res}{space 2} .1588705{col 26}{space 2} .0582911{col 37}{space 1}    2.73{col 46}{space 3}0.009{col 54}{space 4} .0417301{col 67}{space 3} .2760109
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4349039{col 26}{space 2} .1277229{col 37}{space 1}    3.41{col 46}{space 3}0.001{col 54}{space 4} .1782352{col 67}{space 3} .6915726
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store ihs_fe2_R
{txt}
{com}. 
. reghdfe  ihs_csd    ihs_L3_sd   ihs_H_L3_sd                                     if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0006
{txt}{col 51}R-squared{col 67}= {res}    0.8861
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8842
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1572
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7913

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .296964{col 26}{space 2} .0777931{col 37}{space 1}    3.82{col 46}{space 3}0.000{col 54}{space 4} .1406329{col 67}{space 3} .4532951
{txt}{space 1}ihs_H_L3_sd {c |}{col 14}{res}{space 2} .1089177{col 26}{space 2} .0393986{col 37}{space 1}    2.76{col 46}{space 3}0.008{col 54}{space 4} .0297433{col 67}{space 3} .1880922
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4422511{col 26}{space 2} .1368054{col 37}{space 1}    3.23{col 46}{space 3}0.002{col 54}{space 4} .1673303{col 67}{space 3} .7171718
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store ihs_fe2_H
{txt}
{com}. 
.                          *** Northwest quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  ihs_csd    ihs_L3_sd   ihs_W`q'_L3_sd                                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_fe2_W`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.40
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8864
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8845
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1596
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7902

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2912747{col 26}{space 2} .0752562{col 37}{space 1}    3.87{col 46}{space 3}0.000{col 54}{space 4} .1400418{col 67}{space 3} .4425076
{txt}ihs_W5_L3_sd {c |}{col 14}{res}{space 2} .1170774{col 26}{space 2} .0407692{col 37}{space 1}    2.87{col 46}{space 3}0.006{col 54}{space 4} .0351487{col 67}{space 3} .1990062
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4170692{col 26}{space 2} .1383193{col 37}{space 1}    3.02{col 46}{space 3}0.004{col 54}{space 4} .1391061{col 67}{space 3} .6950322
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.57
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8864
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8845
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1594
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7903

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .285944{col 27}{space 2} .0759996{col 38}{space 1}    3.76{col 47}{space 3}0.000{col 55}{space 4} .1332171{col 68}{space 3} .4386709
{txt}ihs_W10_L3_sd {c |}{col 15}{res}{space 2}  .119008{col 27}{space 2} .0404485{col 38}{space 1}    2.94{col 47}{space 3}0.005{col 55}{space 4} .0377236{col 68}{space 3} .2002924
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4550964{col 27}{space 2} .1180426{col 38}{space 1}    3.86{col 47}{space 3}0.000{col 55}{space 4} .2178809{col 68}{space 3}  .692312
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.90
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8861
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8842
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1575
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7911

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2862319{col 27}{space 2} .0765172{col 38}{space 1}    3.74{col 47}{space 3}0.000{col 55}{space 4} .1324647{col 68}{space 3}  .439999
{txt}ihs_W15_L3_sd {c |}{col 15}{res}{space 2} .1110955{col 27}{space 2} .0397386{col 38}{space 1}    2.80{col 47}{space 3}0.007{col 55}{space 4} .0312377{col 68}{space 3} .1909533
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4896095{col 27}{space 2} .1079195{col 38}{space 1}    4.54{col 47}{space 3}0.000{col 55}{space 4} .2727371{col 68}{space 3} .7064818
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.58
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8851
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1641
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7880

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .284836{col 27}{space 2}  .075375{col 38}{space 1}    3.78{col 47}{space 3}0.000{col 55}{space 4} .1333643{col 68}{space 3} .4363078
{txt}ihs_W20_L3_sd {c |}{col 15}{res}{space 2} .1377349{col 27}{space 2} .0484431{col 38}{space 1}    2.84{col 47}{space 3}0.006{col 55}{space 4}  .040385{col 68}{space 3} .2350849
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .456634{col 27}{space 2} .1139145{col 38}{space 1}    4.01{col 47}{space 3}0.000{col 55}{space 4} .2277142{col 68}{space 3} .6855537
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8854
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1664
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7870

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2823831{col 27}{space 2} .0747403{col 38}{space 1}    3.78{col 47}{space 3}0.000{col 55}{space 4} .1321868{col 68}{space 3} .4325794
{txt}ihs_W25_L3_sd {c |}{col 15}{res}{space 2} .1551511{col 27}{space 2} .0565075{col 38}{space 1}    2.75{col 47}{space 3}0.008{col 55}{space 4} .0415949{col 68}{space 3} .2687072
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4392147{col 27}{space 2} .1257638{col 38}{space 1}    3.49{col 47}{space 3}0.001{col 55}{space 4}  .186483{col 68}{space 3} .6919465
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.59
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8855
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1668
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7868

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2818801{col 27}{space 2} .0746339{col 38}{space 1}    3.78{col 47}{space 3}0.000{col 55}{space 4} .1318976{col 68}{space 3} .4318626
{txt}ihs_W30_L3_sd {c |}{col 15}{res}{space 2} .1575512{col 27}{space 2} .0578616{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0412741{col 68}{space 3} .2738284
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4363326{col 27}{space 2}  .127483{col 38}{space 1}    3.42{col 47}{space 3}0.001{col 55}{space 4} .1801459{col 68}{space 3} .6925193
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1673
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7865

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2814817{col 27}{space 2} .0746465{col 38}{space 1}    3.77{col 47}{space 3}0.000{col 55}{space 4} .1314739{col 68}{space 3} .4314894
{txt}ihs_W35_L3_sd {c |}{col 15}{res}{space 2} .1588705{col 27}{space 2} .0582911{col 38}{space 1}    2.73{col 47}{space 3}0.009{col 55}{space 4} .0417301{col 68}{space 3} .2760109
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4349039{col 27}{space 2} .1277229{col 38}{space 1}    3.41{col 47}{space 3}0.001{col 55}{space 4} .1782352{col 68}{space 3} .6915726
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1673
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7865

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2814817{col 27}{space 2} .0746465{col 38}{space 1}    3.77{col 47}{space 3}0.000{col 55}{space 4} .1314739{col 68}{space 3} .4314894
{txt}ihs_W40_L3_sd {c |}{col 15}{res}{space 2} .1588705{col 27}{space 2} .0582911{col 38}{space 1}    2.73{col 47}{space 3}0.009{col 55}{space 4} .0417301{col 68}{space 3} .2760109
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4349039{col 27}{space 2} .1277229{col 38}{space 1}    3.41{col 47}{space 3}0.001{col 55}{space 4} .1782352{col 68}{space 3} .6915726
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                          *** Northeast quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  ihs_csd    ihs_L3_sd   ihs_O`q'_L3_sd                                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_fe2_O`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.70
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8864
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8845
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1598
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7900

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2907423{col 26}{space 2} .0769234{col 37}{space 1}    3.78{col 46}{space 3}0.000{col 54}{space 4} .1361589{col 67}{space 3} .4453258
{txt}ihs_O5_L3_sd {c |}{col 14}{res}{space 2} .1477391{col 26}{space 2} .0596879{col 37}{space 1}    2.48{col 46}{space 3}0.017{col 54}{space 4} .0277918{col 67}{space 3} .2676863
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4022843{col 26}{space 2} .1427556{col 37}{space 1}    2.82{col 46}{space 3}0.007{col 54}{space 4} .1154062{col 67}{space 3} .6891624
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.30
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8839
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1556
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7920

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2863856{col 27}{space 2} .0728591{col 38}{space 1}    3.93{col 47}{space 3}0.000{col 55}{space 4} .1399697{col 68}{space 3} .4328016
{txt}ihs_O10_L3_sd {c |}{col 15}{res}{space 2} .1183984{col 27}{space 2} .0488296{col 38}{space 1}    2.42{col 47}{space 3}0.019{col 55}{space 4} .0202717{col 68}{space 3} .2165252
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4773199{col 27}{space 2} .1297996{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .2164777{col 68}{space 3}  .738162
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.56
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8853
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1516
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7939

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .286854{col 27}{space 2} .0748123{col 38}{space 1}    3.83{col 47}{space 3}0.000{col 55}{space 4}  .136513{col 68}{space 3}  .437195
{txt}ihs_O15_L3_sd {c |}{col 15}{res}{space 2} .1044258{col 27}{space 2} .0432659{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4} .0174797{col 68}{space 3} .1913719
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5136516{col 27}{space 2}  .113865{col 38}{space 1}    4.51{col 47}{space 3}0.000{col 55}{space 4} .2848314{col 68}{space 3} .7424718
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.55
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8851
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1641
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7880

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2837554{col 27}{space 2} .0752304{col 38}{space 1}    3.77{col 47}{space 3}0.000{col 55}{space 4} .1325742{col 68}{space 3} .4349366
{txt}ihs_O20_L3_sd {c |}{col 15}{res}{space 2} .1383457{col 27}{space 2} .0492662{col 38}{space 1}    2.81{col 47}{space 3}0.007{col 55}{space 4} .0393415{col 68}{space 3} .2373498
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .455674{col 27}{space 2} .1148705{col 38}{space 1}    3.97{col 47}{space 3}0.000{col 55}{space 4}  .224833{col 68}{space 3}  .686515
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8854
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1664
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7870

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2823831{col 27}{space 2} .0747403{col 38}{space 1}    3.78{col 47}{space 3}0.000{col 55}{space 4} .1321868{col 68}{space 3} .4325794
{txt}ihs_O25_L3_sd {c |}{col 15}{res}{space 2} .1551511{col 27}{space 2} .0565075{col 38}{space 1}    2.75{col 47}{space 3}0.008{col 55}{space 4} .0415949{col 68}{space 3} .2687072
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4392147{col 27}{space 2} .1257638{col 38}{space 1}    3.49{col 47}{space 3}0.001{col 55}{space 4}  .186483{col 68}{space 3} .6919465
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.59
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8855
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1668
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7868

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2818801{col 27}{space 2} .0746339{col 38}{space 1}    3.78{col 47}{space 3}0.000{col 55}{space 4} .1318976{col 68}{space 3} .4318626
{txt}ihs_O30_L3_sd {c |}{col 15}{res}{space 2} .1575512{col 27}{space 2} .0578616{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0412741{col 68}{space 3} .2738284
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4363326{col 27}{space 2}  .127483{col 38}{space 1}    3.42{col 47}{space 3}0.001{col 55}{space 4} .1801459{col 68}{space 3} .6925193
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1673
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7865

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2814817{col 27}{space 2} .0746465{col 38}{space 1}    3.77{col 47}{space 3}0.000{col 55}{space 4} .1314739{col 68}{space 3} .4314894
{txt}ihs_O35_L3_sd {c |}{col 15}{res}{space 2} .1588705{col 27}{space 2} .0582911{col 38}{space 1}    2.73{col 47}{space 3}0.009{col 55}{space 4} .0417301{col 68}{space 3} .2760109
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4349039{col 27}{space 2} .1277229{col 38}{space 1}    3.41{col 47}{space 3}0.001{col 55}{space 4} .1782352{col 68}{space 3} .6915726
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1673
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7865

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2814817{col 27}{space 2} .0746465{col 38}{space 1}    3.77{col 47}{space 3}0.000{col 55}{space 4} .1314739{col 68}{space 3} .4314894
{txt}ihs_O40_L3_sd {c |}{col 15}{res}{space 2} .1588705{col 27}{space 2} .0582911{col 38}{space 1}    2.73{col 47}{space 3}0.009{col 55}{space 4} .0417301{col 68}{space 3} .2760109
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4349039{col 27}{space 2} .1277229{col 38}{space 1}    3.41{col 47}{space 3}0.001{col 55}{space 4} .1782352{col 68}{space 3} .6915726
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
. ***************** OUTCOME Count ****************************
.         
. 
. ** Results for untransformed data **
. 
.              *** Polar cases **    
. 
. reghdfe  ccd    L3_cd   R_L3_cd                                 if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     51.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9080
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9065
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4115
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7701

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2}  .426932{col 26}{space 2} .0439866{col 37}{space 1}    9.71{col 46}{space 3}0.000{col 54}{space 4} .3385375{col 67}{space 3} .5153264
{txt}{space 5}R_L3_cd {c |}{col 14}{res}{space 2} .2281384{col 26}{space 2} .0524913{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4} .1226532{col 67}{space 3} .3336235
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.216229{col 26}{space 2} .2684362{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .6767861{col 67}{space 3} 1.755671
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store feC_R
{txt}
{com}. 
. reghdfe  ccd    L3_cd   H_L3_cd                                 if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     25.24
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9034
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9018
{txt}{col 51}Within R-sq.{col 67}= {res}    0.3816
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.8394

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .5246705{col 26}{space 2}   .07492{col 37}{space 1}    7.00{col 46}{space 3}0.000{col 54}{space 4} .3741132{col 67}{space 3} .6752278
{txt}{space 5}H_L3_cd {c |}{col 14}{res}{space 2} .2042629{col 26}{space 2} .1039718{col 37}{space 1}    1.96{col 46}{space 3}0.055{col 54}{space 4}-.0046762{col 67}{space 3}  .413202
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.284842{col 26}{space 2} .4764296{col 37}{space 1}    2.70{col 46}{space 3}0.010{col 54}{space 4} .3274206{col 67}{space 3} 2.242263
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store feC_H
{txt}
{com}. 
.                          *** Northwest quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  ccd    L3_cd   W`q'_L3_cd                                      if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store feC_W`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     36.69
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9113
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9098
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4321
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7211

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4663077{col 26}{space 2} .0663814{col 37}{space 1}    7.02{col 46}{space 3}0.000{col 54}{space 4} .3329092{col 67}{space 3} .5997061
{txt}{space 4}W5_L3_cd {c |}{col 14}{res}{space 2} .3140263{col 26}{space 2} .0865999{col 37}{space 1}    3.63{col 46}{space 3}0.001{col 54}{space 4} .1399974{col 67}{space 3} .4880553
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .7456918{col 26}{space 2} .4114973{col 37}{space 1}    1.81{col 46}{space 3}0.076{col 54}{space 4} -.081243{col 67}{space 3} 1.572627
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     43.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9084
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9069
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4136
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7650

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2}  .425481{col 26}{space 2} .0554922{col 37}{space 1}    7.67{col 46}{space 3}0.000{col 54}{space 4} .3139652{col 67}{space 3} .5369967
{txt}{space 3}W10_L3_cd {c |}{col 14}{res}{space 2} .2455795{col 26}{space 2}  .061923{col 37}{space 1}    3.97{col 46}{space 3}0.000{col 54}{space 4} .1211406{col 67}{space 3} .3700184
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.134365{col 26}{space 2} .2958466{col 37}{space 1}    3.83{col 46}{space 3}0.000{col 54}{space 4} .5398387{col 67}{space 3} 1.728891
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     42.73
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9079
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9063
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4103
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7728

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4215948{col 26}{space 2} .0515765{col 37}{space 1}    8.17{col 46}{space 3}0.000{col 54}{space 4} .3179479{col 67}{space 3} .5252417
{txt}{space 3}W15_L3_cd {c |}{col 14}{res}{space 2} .2242876{col 26}{space 2} .0546085{col 37}{space 1}    4.11{col 46}{space 3}0.000{col 54}{space 4} .1145478{col 67}{space 3} .3340274
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}   1.2425{col 26}{space 2} .2714764{col 37}{space 1}    4.58{col 46}{space 3}0.000{col 54}{space 4}  .696948{col 67}{space 3} 1.788052
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     53.27
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9081
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9066
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4119
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7690

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4247958{col 26}{space 2} .0435718{col 37}{space 1}    9.75{col 46}{space 3}0.000{col 54}{space 4} .3372351{col 67}{space 3} .5123566
{txt}{space 3}W20_L3_cd {c |}{col 14}{res}{space 2} .2312356{col 26}{space 2} .0548112{col 37}{space 1}    4.22{col 46}{space 3}0.000{col 54}{space 4} .1210883{col 67}{space 3} .3413829
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.204413{col 26}{space 2}  .276575{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4} .6486142{col 67}{space 3} 1.760211
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     52.15
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9081
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9066
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4118
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7693

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4264059{col 26}{space 2} .0438863{col 37}{space 1}    9.72{col 46}{space 3}0.000{col 54}{space 4} .3382132{col 67}{space 3} .5145987
{txt}{space 3}W25_L3_cd {c |}{col 14}{res}{space 2}  .229036{col 26}{space 2} .0524408{col 37}{space 1}    4.37{col 46}{space 3}0.000{col 54}{space 4} .1236523{col 67}{space 3} .3344196
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  1.21267{col 26}{space 2} .2681504{col 37}{space 1}    4.52{col 46}{space 3}0.000{col 54}{space 4} .6738013{col 67}{space 3} 1.751538
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     52.03
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9081
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9065
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4115
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7700

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4268188{col 26}{space 2} .0439646{col 37}{space 1}    9.71{col 46}{space 3}0.000{col 54}{space 4} .3384687{col 67}{space 3} .5151689
{txt}{space 3}W30_L3_cd {c |}{col 14}{res}{space 2} .2283308{col 26}{space 2} .0525014{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4} .1228254{col 67}{space 3} .3338363
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.215466{col 26}{space 2} .2684537{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .6759882{col 67}{space 3} 1.754944
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     51.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9080
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9065
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4115
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7701

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2}  .426932{col 26}{space 2} .0439866{col 37}{space 1}    9.71{col 46}{space 3}0.000{col 54}{space 4} .3385375{col 67}{space 3} .5153264
{txt}{space 3}W35_L3_cd {c |}{col 14}{res}{space 2} .2281384{col 26}{space 2} .0524913{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4} .1226532{col 67}{space 3} .3336235
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.216229{col 26}{space 2} .2684362{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .6767861{col 67}{space 3} 1.755671
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     51.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9080
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9065
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4115
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7701

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2}  .426932{col 26}{space 2} .0439866{col 37}{space 1}    9.71{col 46}{space 3}0.000{col 54}{space 4} .3385375{col 67}{space 3} .5153264
{txt}{space 3}W40_L3_cd {c |}{col 14}{res}{space 2} .2281384{col 26}{space 2} .0524913{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4} .1226532{col 67}{space 3} .3336235
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.216229{col 26}{space 2} .2684362{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .6767861{col 67}{space 3} 1.755671
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                          *** Northeast quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  ccd    L3_cd   O`q'_L3_cd                                      if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store feC_O`q'
{txt}  4{com}. {c )-}                        
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     88.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9128
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9114
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4421
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.6971

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4159927{col 26}{space 2} .0591129{col 37}{space 1}    7.04{col 46}{space 3}0.000{col 54}{space 4} .2972009{col 67}{space 3} .5347845
{txt}{space 4}O5_L3_cd {c |}{col 14}{res}{space 2} .3718853{col 26}{space 2} .0622264{col 37}{space 1}    5.98{col 46}{space 3}0.000{col 54}{space 4} .2468367{col 67}{space 3} .4969338
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5442893{col 26}{space 2} .2645037{col 37}{space 1}    2.06{col 46}{space 3}0.045{col 54}{space 4} .0127492{col 67}{space 3} 1.075829
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     42.46
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9069
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9053
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4039
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7879

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4311116{col 26}{space 2} .0518474{col 37}{space 1}    8.32{col 46}{space 3}0.000{col 54}{space 4} .3269203{col 67}{space 3} .5353028
{txt}{space 3}O10_L3_cd {c |}{col 14}{res}{space 2} .2259497{col 26}{space 2} .0636208{col 37}{space 1}    3.55{col 46}{space 3}0.001{col 54}{space 4} .0980989{col 67}{space 3} .3538005
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.222001{col 26}{space 2} .3113419{col 37}{space 1}    3.92{col 46}{space 3}0.000{col 54}{space 4} .5963364{col 67}{space 3} 1.847666
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     48.64
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9080
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9065
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4115
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7701

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4194484{col 26}{space 2}   .04924{col 37}{space 1}    8.52{col 46}{space 3}0.000{col 54}{space 4} .3204969{col 67}{space 3} .5183999
{txt}{space 3}O15_L3_cd {c |}{col 14}{res}{space 2} .2336203{col 26}{space 2} .0567009{col 37}{space 1}    4.12{col 46}{space 3}0.000{col 54}{space 4} .1196757{col 67}{space 3}  .347565
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.200679{col 26}{space 2} .2753543{col 37}{space 1}    4.36{col 46}{space 3}0.000{col 54}{space 4} .6473341{col 67}{space 3} 1.754025
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     55.08
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9085
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9070
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4143
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7635

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4206563{col 26}{space 2} .0422857{col 37}{space 1}    9.95{col 46}{space 3}0.000{col 54}{space 4}   .33568{col 67}{space 3} .5056326
{txt}{space 3}O20_L3_cd {c |}{col 14}{res}{space 2} .2379258{col 26}{space 2}  .053061{col 37}{space 1}    4.48{col 46}{space 3}0.000{col 54}{space 4} .1312957{col 67}{space 3} .3445559
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.178201{col 26}{space 2}  .269561{col 37}{space 1}    4.37{col 46}{space 3}0.000{col 54}{space 4} .6364985{col 67}{space 3} 1.719904
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     52.15
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9081
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9066
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4118
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7694

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4264115{col 26}{space 2} .0438875{col 37}{space 1}    9.72{col 46}{space 3}0.000{col 54}{space 4} .3382163{col 67}{space 3} .5146067
{txt}{space 3}O25_L3_cd {c |}{col 14}{res}{space 2} .2290266{col 26}{space 2} .0524403{col 37}{space 1}    4.37{col 46}{space 3}0.000{col 54}{space 4} .1236439{col 67}{space 3} .3344092
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.212707{col 26}{space 2} .2681494{col 37}{space 1}    4.52{col 46}{space 3}0.000{col 54}{space 4} .6738406{col 67}{space 3} 1.751573
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     52.03
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9081
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9065
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4115
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7700

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2} .4268188{col 26}{space 2} .0439646{col 37}{space 1}    9.71{col 46}{space 3}0.000{col 54}{space 4} .3384687{col 67}{space 3} .5151689
{txt}{space 3}O30_L3_cd {c |}{col 14}{res}{space 2} .2283308{col 26}{space 2} .0525014{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4} .1228254{col 67}{space 3} .3338363
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.215466{col 26}{space 2} .2684537{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .6759882{col 67}{space 3} 1.754944
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     51.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9080
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9065
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4115
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7701

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2}  .426932{col 26}{space 2} .0439866{col 37}{space 1}    9.71{col 46}{space 3}0.000{col 54}{space 4} .3385375{col 67}{space 3} .5153264
{txt}{space 3}O35_L3_cd {c |}{col 14}{res}{space 2} .2281384{col 26}{space 2} .0524913{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4} .1226532{col 67}{space 3} .3336235
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.216229{col 26}{space 2} .2684362{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .6767861{col 67}{space 3} 1.755671
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     51.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9080
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9065
{txt}{col 51}Within R-sq.{col 67}= {res}    0.4115
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    2.7701

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L3_cd {c |}{col 14}{res}{space 2}  .426932{col 26}{space 2} .0439866{col 37}{space 1}    9.71{col 46}{space 3}0.000{col 54}{space 4} .3385375{col 67}{space 3} .5153264
{txt}{space 3}O40_L3_cd {c |}{col 14}{res}{space 2} .2281384{col 26}{space 2} .0524913{col 37}{space 1}    4.35{col 46}{space 3}0.000{col 54}{space 4} .1226532{col 67}{space 3} .3336235
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1.216229{col 26}{space 2} .2684362{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .6767861{col 67}{space 3} 1.755671
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
. 
.     ** Results for log transformed data **
. 
.              *** Polar cases **    
. 
. reghdfe  log_ccd    log_L3_cd   log_R_L3_cd                                     if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9424
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9414
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2871
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2455

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_cd {c |}{col 14}{res}{space 2} .4635347{col 26}{space 2} .0982083{col 37}{space 1}    4.72{col 46}{space 3}0.000{col 54}{space 4} .2661777{col 67}{space 3} .6608917
{txt}{space 1}log_R_L3_cd {c |}{col 14}{res}{space 2} .2195357{col 26}{space 2} .1178771{col 37}{space 1}    1.86{col 46}{space 3}0.069{col 54}{space 4}-.0173473{col 67}{space 3} .4564186
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .1670953{col 26}{space 2} .1006298{col 37}{space 1}    1.66{col 46}{space 3}0.103{col 54}{space 4}-.0351279{col 67}{space 3} .3693185
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store log_feC_R
{txt}
{com}. 
. reghdfe  log_ccd    log_L3_cd   log_H_L3_cd                                     if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.22
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9429
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9420
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2934
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2444

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_cd {c |}{col 14}{res}{space 2} .5039306{col 26}{space 2} .1071257{col 37}{space 1}    4.70{col 46}{space 3}0.000{col 54}{space 4} .2886534{col 67}{space 3} .7192078
{txt}{space 1}log_H_L3_cd {c |}{col 14}{res}{space 2} .1768961{col 26}{space 2} .0744016{col 37}{space 1}    2.38{col 46}{space 3}0.021{col 54}{space 4} .0273805{col 67}{space 3} .3264117
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .1504159{col 26}{space 2} .0908819{col 37}{space 1}    1.66{col 46}{space 3}0.104{col 54}{space 4}-.0322181{col 67}{space 3} .3330499
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store log_feC_H
{txt}
{com}. 
.                          *** Northwest quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  log_ccd    log_L3_cd   log_W`q'_L3_cd                                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_feC_W`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.41
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9427
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9417
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2908
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2449

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_cd {c |}{col 14}{res}{space 2} .4917725{col 26}{space 2} .1030882{col 37}{space 1}    4.77{col 46}{space 3}0.000{col 54}{space 4}  .284609{col 67}{space 3}  .698936
{txt}log_W5_L3_cd {c |}{col 14}{res}{space 2} .1822987{col 26}{space 2} .0755125{col 37}{space 1}    2.41{col 46}{space 3}0.020{col 54}{space 4} .0305507{col 67}{space 3} .3340466
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .1418545{col 26}{space 2} .0855166{col 37}{space 1}    1.66{col 46}{space 3}0.104{col 54}{space 4}-.0299975{col 67}{space 3} .3137065
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9418
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9408
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2797
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2468

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4842643{col 27}{space 2} .1002176{col 38}{space 1}    4.83{col 47}{space 3}0.000{col 55}{space 4} .2828694{col 68}{space 3} .6856591
{txt}log_W10_L3_cd {c |}{col 15}{res}{space 2} .1536917{col 27}{space 2} .0775594{col 38}{space 1}    1.98{col 47}{space 3}0.053{col 55}{space 4}-.0021698{col 68}{space 3} .3095532
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1851641{col 27}{space 2} .0880154{col 38}{space 1}    2.10{col 47}{space 3}0.041{col 55}{space 4} .0082905{col 68}{space 3} .3620377
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.02
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9416
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9406
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2775
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2471

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4842657{col 27}{space 2} .0987749{col 38}{space 1}    4.90{col 47}{space 3}0.000{col 55}{space 4} .2857702{col 68}{space 3} .6827613
{txt}log_W15_L3_cd {c |}{col 15}{res}{space 2}  .151249{col 27}{space 2}  .081336{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4}-.0122018{col 68}{space 3} .3146998
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1976259{col 27}{space 2} .0867139{col 38}{space 1}    2.28{col 47}{space 3}0.027{col 55}{space 4} .0233678{col 68}{space 3} .3718841
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.03
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9417
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9408
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2790
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2469

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4790427{col 27}{space 2} .0979138{col 38}{space 1}    4.89{col 47}{space 3}0.000{col 55}{space 4} .2822777{col 68}{space 3} .6758078
{txt}log_W20_L3_cd {c |}{col 15}{res}{space 2} .1681369{col 27}{space 2} .0917984{col 38}{space 1}    1.83{col 47}{space 3}0.073{col 55}{space 4}-.0163388{col 68}{space 3} .3526127
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1944934{col 27}{space 2} .0885253{col 38}{space 1}    2.20{col 47}{space 3}0.033{col 55}{space 4} .0165951{col 68}{space 3} .3723916
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.86
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9421
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9412
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2838
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2461

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4706291{col 27}{space 2}  .097529{col 38}{space 1}    4.83{col 47}{space 3}0.000{col 55}{space 4} .2746371{col 68}{space 3}  .666621
{txt}log_W25_L3_cd {c |}{col 15}{res}{space 2} .1993955{col 27}{space 2} .1071155{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4}-.0158613{col 68}{space 3} .4146522
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .178183{col 27}{space 2} .0955951{col 38}{space 1}    1.86{col 47}{space 3}0.068{col 55}{space 4}-.0139226{col 68}{space 3} .3702886
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.70
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9423
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9413
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2858
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2457

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4658056{col 27}{space 2} .0981668{col 38}{space 1}    4.75{col 47}{space 3}0.000{col 55}{space 4}  .268532{col 68}{space 3} .6630793
{txt}log_W30_L3_cd {c |}{col 15}{res}{space 2} .2145341{col 27}{space 2} .1155622{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4}-.0176969{col 68}{space 3} .4467651
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1694201{col 27}{space 2} .0997052{col 38}{space 1}    1.70{col 47}{space 3}0.096{col 55}{space 4}-.0309449{col 68}{space 3} .3697852
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9424
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9414
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2871
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2455

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4635347{col 27}{space 2} .0982083{col 38}{space 1}    4.72{col 47}{space 3}0.000{col 55}{space 4} .2661777{col 68}{space 3} .6608917
{txt}log_W35_L3_cd {c |}{col 15}{res}{space 2} .2195357{col 27}{space 2} .1178771{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4}-.0173473{col 68}{space 3} .4564186
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1670953{col 27}{space 2} .1006298{col 38}{space 1}    1.66{col 47}{space 3}0.103{col 55}{space 4}-.0351279{col 68}{space 3} .3693185
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9424
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9414
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2871
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2455

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4635347{col 27}{space 2} .0982083{col 38}{space 1}    4.72{col 47}{space 3}0.000{col 55}{space 4} .2661777{col 68}{space 3} .6608917
{txt}log_W40_L3_cd {c |}{col 15}{res}{space 2} .2195357{col 27}{space 2} .1178771{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4}-.0173473{col 68}{space 3} .4564186
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1670953{col 27}{space 2} .1006298{col 38}{space 1}    1.66{col 47}{space 3}0.103{col 55}{space 4}-.0351279{col 68}{space 3} .3693185
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                          *** Northeast quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  log_ccd    log_L3_cd   log_O`q'_L3_cd                                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_feC_O`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     18.10
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9406
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9396
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2653
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2492

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_cd {c |}{col 14}{res}{space 2} .5079297{col 26}{space 2} .1067727{col 37}{space 1}    4.76{col 46}{space 3}0.000{col 54}{space 4} .2933619{col 67}{space 3} .7224975
{txt}log_O5_L3_cd {c |}{col 14}{res}{space 2} .1272656{col 26}{space 2} .0681739{col 37}{space 1}    1.87{col 46}{space 3}0.068{col 54}{space 4}-.0097349{col 67}{space 3} .2642662
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2101766{col 26}{space 2} .0581489{col 37}{space 1}    3.61{col 46}{space 3}0.001{col 54}{space 4} .0933221{col 67}{space 3} .3270311
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.94
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9426
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9416
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2892
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2451

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4730605{col 27}{space 2} .0989556{col 38}{space 1}    4.78{col 47}{space 3}0.000{col 55}{space 4} .2742019{col 68}{space 3} .6719192
{txt}log_O10_L3_cd {c |}{col 15}{res}{space 2} .1924086{col 27}{space 2}  .079324{col 38}{space 1}    2.43{col 47}{space 3}0.019{col 55}{space 4}  .033001{col 68}{space 3} .3518163
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1650311{col 27}{space 2} .0766515{col 38}{space 1}    2.15{col 47}{space 3}0.036{col 55}{space 4} .0109942{col 68}{space 3}  .319068
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.80
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9417
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9407
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2781
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2471

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4761196{col 27}{space 2} .0941144{col 38}{space 1}    5.06{col 47}{space 3}0.000{col 55}{space 4} .2869895{col 68}{space 3} .6652497
{txt}log_O15_L3_cd {c |}{col 15}{res}{space 2} .1646073{col 27}{space 2} .0891057{col 38}{space 1}    1.85{col 47}{space 3}0.071{col 55}{space 4}-.0144574{col 68}{space 3}  .343672
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1932468{col 27}{space 2} .0896245{col 38}{space 1}    2.16{col 47}{space 3}0.036{col 55}{space 4} .0131397{col 68}{space 3} .3733539
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.09
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9424
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9415
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2873
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2455

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4688489{col 27}{space 2}  .096254{col 38}{space 1}    4.87{col 47}{space 3}0.000{col 55}{space 4} .2754192{col 68}{space 3} .6622786
{txt}log_O20_L3_cd {c |}{col 15}{res}{space 2} .1917415{col 27}{space 2} .0963637{col 38}{space 1}    1.99{col 47}{space 3}0.052{col 55}{space 4}-.0019086{col 68}{space 3} .3853916
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1775998{col 27}{space 2} .0913746{col 38}{space 1}    1.94{col 47}{space 3}0.058{col 55}{space 4}-.0060243{col 68}{space 3} .3612238
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.86
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9421
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9412
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2839
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2461

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4706388{col 27}{space 2} .0975482{col 38}{space 1}    4.82{col 47}{space 3}0.000{col 55}{space 4} .2746083{col 68}{space 3} .6666693
{txt}log_O25_L3_cd {c |}{col 15}{res}{space 2} .1994425{col 27}{space 2} .1071458{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4} -.015875{col 68}{space 3} .4147599
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1781706{col 27}{space 2} .0955885{col 38}{space 1}    1.86{col 47}{space 3}0.068{col 55}{space 4}-.0139217{col 68}{space 3}  .370263
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.70
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9423
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9413
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2858
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2457

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4658056{col 27}{space 2} .0981668{col 38}{space 1}    4.75{col 47}{space 3}0.000{col 55}{space 4}  .268532{col 68}{space 3} .6630793
{txt}log_O30_L3_cd {c |}{col 15}{res}{space 2} .2145341{col 27}{space 2} .1155622{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4}-.0176969{col 68}{space 3} .4467651
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1694201{col 27}{space 2} .0997052{col 38}{space 1}    1.70{col 47}{space 3}0.096{col 55}{space 4}-.0309449{col 68}{space 3} .3697852
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9424
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9414
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2871
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2455

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4635347{col 27}{space 2} .0982083{col 38}{space 1}    4.72{col 47}{space 3}0.000{col 55}{space 4} .2661777{col 68}{space 3} .6608917
{txt}log_O35_L3_cd {c |}{col 15}{res}{space 2} .2195357{col 27}{space 2} .1178771{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4}-.0173473{col 68}{space 3} .4564186
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1670953{col 27}{space 2} .1006298{col 38}{space 1}    1.66{col 47}{space 3}0.103{col 55}{space 4}-.0351279{col 68}{space 3} .3693185
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9424
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9414
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2871
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.2455

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_cd {c |}{col 15}{res}{space 2} .4635347{col 27}{space 2} .0982083{col 38}{space 1}    4.72{col 47}{space 3}0.000{col 55}{space 4} .2661777{col 68}{space 3} .6608917
{txt}log_O40_L3_cd {c |}{col 15}{res}{space 2} .2195357{col 27}{space 2} .1178771{col 38}{space 1}    1.86{col 47}{space 3}0.069{col 55}{space 4}-.0173473{col 68}{space 3} .4564186
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .1670953{col 27}{space 2} .1006298{col 38}{space 1}    1.66{col 47}{space 3}0.103{col 55}{space 4}-.0351279{col 68}{space 3} .3693185
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.     ** Results for ihs transformed data **
. 
. 
.              *** Polar cases **    
. 
. reghdfe  ihs_ccd    ihs_L3_cd   ihs_R_L3_cd                                     if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.85
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.9409
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9399
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2646
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3024

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_cd {c |}{col 14}{res}{space 2} .4463179{col 26}{space 2} .1021286{col 37}{space 1}    4.37{col 46}{space 3}0.000{col 54}{space 4} .2410829{col 67}{space 3}  .651553
{txt}{space 1}ihs_R_L3_cd {c |}{col 14}{res}{space 2} .2087499{col 26}{space 2} .1100445{col 37}{space 1}    1.90{col 46}{space 3}0.064{col 54}{space 4}-.0123927{col 67}{space 3} .4298925
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2191697{col 26}{space 2} .1209821{col 37}{space 1}    1.81{col 46}{space 3}0.076{col 54}{space 4}-.0239529{col 67}{space 3} .4622923
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store ihs_feC_R
{txt}
{com}. 
. reghdfe  ihs_ccd    ihs_L3_cd   ihs_H_L3_cd                                     if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell)  
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.53
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.9414
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9405
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2711
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3011

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_cd {c |}{col 14}{res}{space 2} .4805069{col 26}{space 2} .1110931{col 37}{space 1}    4.33{col 46}{space 3}0.000{col 54}{space 4} .2572569{col 67}{space 3} .7037569
{txt}{space 1}ihs_H_L3_cd {c |}{col 14}{res}{space 2} .1687041{col 26}{space 2} .0742825{col 37}{space 1}    2.27{col 46}{space 3}0.028{col 54}{space 4} .0194278{col 67}{space 3} .3179803
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}   .19747{col 26}{space 2} .1149615{col 37}{space 1}    1.72{col 46}{space 3}0.092{col 54}{space 4}-.0335538{col 67}{space 3} .4284938
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. estimates store ihs_feC_H
{txt}
{com}. 
.                          *** Northwest quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  ihs_ccd    ihs_L3_cd   ihs_W`q'_L3_cd                                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_feC_W`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.26
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9409
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9399
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2645
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3025

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_cd {c |}{col 14}{res}{space 2} .4704175{col 26}{space 2} .1064076{col 37}{space 1}    4.42{col 46}{space 3}0.000{col 54}{space 4} .2565834{col 67}{space 3} .6842515
{txt}ihs_W5_L3_cd {c |}{col 14}{res}{space 2} .1643091{col 26}{space 2} .0722641{col 37}{space 1}    2.27{col 46}{space 3}0.027{col 54}{space 4}  .019089{col 67}{space 3} .3095293
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .1989742{col 26}{space 2} .1054176{col 37}{space 1}    1.89{col 46}{space 3}0.065{col 54}{space 4}-.0128703{col 67}{space 3} .4108187
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.89
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9402
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9392
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2562
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3041

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4649417{col 27}{space 2} .1048567{col 38}{space 1}    4.43{col 47}{space 3}0.000{col 55}{space 4} .2542243{col 68}{space 3}  .675659
{txt}ihs_W10_L3_cd {c |}{col 15}{res}{space 2} .1413361{col 27}{space 2} .0719406{col 38}{space 1}    1.96{col 47}{space 3}0.055{col 55}{space 4} -.003234{col 68}{space 3} .2859062
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2447727{col 27}{space 2} .1060804{col 38}{space 1}    2.31{col 47}{space 3}0.025{col 55}{space 4} .0315961{col 68}{space 3} .4579492
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9401
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9391
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2543
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3045

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4648586{col 27}{space 2} .1036549{col 38}{space 1}    4.48{col 47}{space 3}0.000{col 55}{space 4} .2565563{col 68}{space 3} .6731609
{txt}ihs_W15_L3_cd {c |}{col 15}{res}{space 2} .1376166{col 27}{space 2} .0736304{col 38}{space 1}    1.87{col 47}{space 3}0.068{col 55}{space 4}-.0103493{col 68}{space 3} .2855824
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2609783{col 27}{space 2} .1030149{col 38}{space 1}    2.53{col 47}{space 3}0.015{col 55}{space 4} .0539621{col 68}{space 3} .4679945
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.07
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9403
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9393
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2565
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3041

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4596263{col 27}{space 2} .1025747{col 38}{space 1}    4.48{col 47}{space 3}0.000{col 55}{space 4} .2534947{col 68}{space 3} .6657579
{txt}ihs_W20_L3_cd {c |}{col 15}{res}{space 2} .1559476{col 27}{space 2} .0836883{col 38}{space 1}    1.86{col 47}{space 3}0.068{col 55}{space 4}-.0122304{col 68}{space 3} .3241255
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2553635{col 27}{space 2} .1053668{col 38}{space 1}    2.42{col 47}{space 3}0.019{col 55}{space 4} .0436211{col 68}{space 3}  .467106
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.97
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9406
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9397
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2614
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3031

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4524606{col 27}{space 2}  .101907{col 38}{space 1}    4.44{col 47}{space 3}0.000{col 55}{space 4} .2476708{col 68}{space 3} .6572505
{txt}ihs_W25_L3_cd {c |}{col 15}{res}{space 2} .1879814{col 27}{space 2}  .098806{col 38}{space 1}    1.90{col 47}{space 3}0.063{col 55}{space 4}-.0105766{col 68}{space 3} .3865394
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2338432{col 27}{space 2} .1143065{col 38}{space 1}    2.05{col 47}{space 3}0.046{col 55}{space 4} .0041357{col 68}{space 3} .4635507
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.88
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9408
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9398
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2634
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3027

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2}  .448073{col 27}{space 2} .1021354{col 38}{space 1}    4.39{col 47}{space 3}0.000{col 55}{space 4} .2428242{col 68}{space 3} .6533219
{txt}ihs_W30_L3_cd {c |}{col 15}{res}{space 2} .2046693{col 27}{space 2} .1077749{col 38}{space 1}    1.90{col 47}{space 3}0.063{col 55}{space 4}-.0119125{col 68}{space 3}  .421251
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2214317{col 27}{space 2} .1198805{col 38}{space 1}    1.85{col 47}{space 3}0.071{col 55}{space 4}-.0194772{col 68}{space 3} .4623405
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.85
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.9409
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9399
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2646
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3024

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4463179{col 27}{space 2} .1021286{col 38}{space 1}    4.37{col 47}{space 3}0.000{col 55}{space 4} .2410829{col 68}{space 3}  .651553
{txt}ihs_W35_L3_cd {c |}{col 15}{res}{space 2} .2087499{col 27}{space 2} .1100445{col 38}{space 1}    1.90{col 47}{space 3}0.064{col 55}{space 4}-.0123927{col 68}{space 3} .4298925
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2191697{col 27}{space 2} .1209821{col 38}{space 1}    1.81{col 47}{space 3}0.076{col 55}{space 4}-.0239529{col 68}{space 3} .4622923
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.85
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.9409
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9399
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2646
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3024

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4463179{col 27}{space 2} .1021286{col 38}{space 1}    4.37{col 47}{space 3}0.000{col 55}{space 4} .2410829{col 68}{space 3}  .651553
{txt}ihs_W40_L3_cd {c |}{col 15}{res}{space 2} .2087499{col 27}{space 2} .1100445{col 38}{space 1}    1.90{col 47}{space 3}0.064{col 55}{space 4}-.0123927{col 68}{space 3} .4298925
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2191697{col 27}{space 2} .1209821{col 38}{space 1}    1.81{col 47}{space 3}0.076{col 55}{space 4}-.0239529{col 68}{space 3} .4622923
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                          *** Northeast quadrant
.                          
. forvalues q = 5(5)40 {c -(}
{txt}  2{com}.         reghdfe  ihs_ccd    ihs_L3_cd   ihs_O`q'_L3_cd                                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_feC_O`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.93
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.9389
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9379
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2393
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3076

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_ccd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_cd {c |}{col 14}{res}{space 2} .4868365{col 26}{space 2} .1089152{col 37}{space 1}    4.47{col 46}{space 3}0.000{col 54}{space 4} .2679632{col 67}{space 3} .7057098
{txt}ihs_O5_L3_cd {c |}{col 14}{res}{space 2} .0913745{col 26}{space 2}  .056275{col 37}{space 1}    1.62{col 46}{space 3}0.111{col 54}{space 4}-.0217144{col 67}{space 3} .2044634
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3023418{col 26}{space 2} .0630255{col 37}{space 1}    4.80{col 46}{space 3}0.000{col 54}{space 4} .1756874{col 67}{space 3} .4289962
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.05
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.9407
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9398
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2626
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3028

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4579917{col 27}{space 2}  .102514{col 38}{space 1}    4.47{col 47}{space 3}0.000{col 55}{space 4} .2519821{col 68}{space 3} .6640012
{txt}ihs_O10_L3_cd {c |}{col 15}{res}{space 2} .1695331{col 27}{space 2} .0697529{col 38}{space 1}    2.43{col 47}{space 3}0.019{col 55}{space 4} .0293593{col 68}{space 3} .3097069
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2291385{col 27}{space 2} .0883907{col 38}{space 1}    2.59{col 47}{space 3}0.013{col 55}{space 4} .0515108{col 68}{space 3} .4067663
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.56
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9401
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9391
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2544
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3045

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4581906{col 27}{space 2} .0996978{col 38}{space 1}    4.60{col 47}{space 3}0.000{col 55}{space 4} .2578404{col 68}{space 3} .6585408
{txt}ihs_O15_L3_cd {c |}{col 15}{res}{space 2} .1483781{col 27}{space 2} .0766928{col 38}{space 1}    1.93{col 47}{space 3}0.059{col 55}{space 4}-.0057418{col 68}{space 3} .3024981
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2575788{col 27}{space 2} .1024993{col 38}{space 1}    2.51{col 47}{space 3}0.015{col 55}{space 4} .0515987{col 68}{space 3} .4635589
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.14
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9409
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9399
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2648
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3024

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4503832{col 27}{space 2} .1009501{col 38}{space 1}    4.46{col 47}{space 3}0.000{col 55}{space 4} .2475164{col 68}{space 3} .6532501
{txt}ihs_O20_L3_cd {c |}{col 15}{res}{space 2} .1794974{col 27}{space 2} .0906962{col 38}{space 1}    1.98{col 47}{space 3}0.053{col 55}{space 4}-.0027633{col 68}{space 3} .3617581
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2341502{col 27}{space 2} .1103654{col 38}{space 1}    2.12{col 47}{space 3}0.039{col 55}{space 4} .0123627{col 68}{space 3} .4559377
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.97
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9406
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9397
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2614
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3031

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2}  .452496{col 27}{space 2} .1019206{col 38}{space 1}    4.44{col 47}{space 3}0.000{col 55}{space 4}  .247679{col 68}{space 3} .6573131
{txt}ihs_O25_L3_cd {c |}{col 15}{res}{space 2} .1879222{col 27}{space 2} .0988099{col 38}{space 1}    1.90{col 47}{space 3}0.063{col 55}{space 4}-.0106438{col 68}{space 3} .3864881
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2339158{col 27}{space 2}  .114278{col 38}{space 1}    2.05{col 47}{space 3}0.046{col 55}{space 4} .0042655{col 68}{space 3} .4635661
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.88
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.9408
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9398
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2634
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3027

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2}  .448073{col 27}{space 2} .1021354{col 38}{space 1}    4.39{col 47}{space 3}0.000{col 55}{space 4} .2428242{col 68}{space 3} .6533219
{txt}ihs_O30_L3_cd {c |}{col 15}{res}{space 2} .2046693{col 27}{space 2} .1077749{col 38}{space 1}    1.90{col 47}{space 3}0.063{col 55}{space 4}-.0119125{col 68}{space 3}  .421251
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2214317{col 27}{space 2} .1198805{col 38}{space 1}    1.85{col 47}{space 3}0.071{col 55}{space 4}-.0194772{col 68}{space 3} .4623405
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.85
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.9409
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9399
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2646
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3024

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4463179{col 27}{space 2} .1021286{col 38}{space 1}    4.37{col 47}{space 3}0.000{col 55}{space 4} .2410829{col 68}{space 3}  .651553
{txt}ihs_O35_L3_cd {c |}{col 15}{res}{space 2} .2087499{col 27}{space 2} .1100445{col 38}{space 1}    1.90{col 47}{space 3}0.064{col 55}{space 4}-.0123927{col 68}{space 3} .4298925
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2191697{col 27}{space 2} .1209821{col 38}{space 1}    1.81{col 47}{space 3}0.076{col 55}{space 4}-.0239529{col 68}{space 3} .4622923
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.85
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.9409
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9399
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2646
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.3024

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_ccd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_cd {c |}{col 15}{res}{space 2} .4463179{col 27}{space 2} .1021286{col 38}{space 1}    4.37{col 47}{space 3}0.000{col 55}{space 4} .2410829{col 68}{space 3}  .651553
{txt}ihs_O40_L3_cd {c |}{col 15}{res}{space 2} .2087499{col 27}{space 2} .1100445{col 38}{space 1}    1.90{col 47}{space 3}0.064{col 55}{space 4}-.0123927{col 68}{space 3} .4298925
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2191697{col 27}{space 2} .1209821{col 38}{space 1}    1.81{col 47}{space 3}0.076{col 55}{space 4}-.0239529{col 68}{space 3} .4622923
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                 ********************
.                 ** report results **
.                 ********************
.                 
.                 ******* reghdfe LEVEL w/ country and cell fixed-effects ******
.                                         
. estimates table fe2_R fe2_H fe2_W*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:fe2_R} {space 1} {center 12:fe2_H} {space 1} {center 12:fe2_W5} {space 1} {center 12:fe2_W10} {space 1} {center 12:fe2_W15} {space 1} {center 12:fe2_W20} {space 1} {center 12:fe2_W25} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 7}L3_sd {c |}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3543}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3347}{lalign 3:*}{txt} {space 1}{res} {ralign 9:0.2829}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2945}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2812}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 5}R_L3_sd {c |}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 5}H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0677}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 4}W5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0685}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W10_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1130}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W15_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0918}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W20_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1102}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W25_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W30_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W35_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W40_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:77.8458}{lalign 3:*}{txt} {space 1}{res} {ralign 9:80.3878}{lalign 3:***}{txt} {space 1}{res} {ralign 9:81.1139}{lalign 3:***}{txt} {space 1}{res} {ralign 9:76.9278}{lalign 3:*}{txt} {space 1}{res} {ralign 9:80.7676}{lalign 3:**}{txt} {space 1}{res} {ralign 9:77.8904}{lalign 3:*}{txt} {space 1}{res} {ralign 9:77.8457}{lalign 3:*}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5714}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5713}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5760}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5739}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5642}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5641}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5689}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5668}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5690}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.6211}{lalign 3:}{txt} {space 1}{res} {ralign 9:3.6811}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3027}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3612}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3656}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:fe2_W30} {space 1} {center 12:fe2_W35} {space 1} {center 12:fe2_W40} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 7}L3_sd {c |}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 5}R_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 5}H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 4}W5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W10_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W15_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W20_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W25_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W30_L3_sd {c |}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W35_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}W40_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:77.8458}{lalign 3:*}{txt} {space 1}{res} {ralign 9:77.8458}{lalign 3:*}{txt} {space 1}{res} {ralign 9:77.8458}{lalign 3:*}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 59:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. estimates table fe2_R fe2_H fe2_O*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:fe2_R} {space 1} {center 12:fe2_H} {space 1} {center 12:fe2_O5} {space 1} {center 12:fe2_O10} {space 1} {center 12:fe2_O15} {space 1} {center 12:fe2_O20} {space 1} {center 12:fe2_O25} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 7}L3_sd {c |}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3543}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3249}{lalign 3:*}{txt} {space 1}{res} {ralign 9:0.2766}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2915}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2812}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 5}R_L3_sd {c |}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 5}H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0677}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 4}O5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0889}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O10_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1225}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O15_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0961}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O20_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1102}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O25_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O30_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O35_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O40_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:77.8458}{lalign 3:*}{txt} {space 1}{res} {ralign 9:80.3878}{lalign 3:***}{txt} {space 1}{res} {ralign 9:77.2232}{lalign 3:***}{txt} {space 1}{res} {ralign 9:75.3559}{lalign 3:*}{txt} {space 1}{res} {ralign 9:80.0785}{lalign 3:**}{txt} {space 1}{res} {ralign 9:77.9017}{lalign 3:*}{txt} {space 1}{res} {ralign 9:77.8457}{lalign 3:*}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5714}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5728}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5768}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5741}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5642}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5656}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5698}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5670}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5690}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.6211}{lalign 3:}{txt} {space 1}{res} {ralign 9:4.0661}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3062}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3504}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3663}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:fe2_O30} {space 1} {center 12:fe2_O35} {space 1} {center 12:fe2_O40} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 7}L3_sd {c |}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.2810}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 5}R_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 5}H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 4}O5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O10_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O15_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O20_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O25_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O30_L3_sd {c |}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O35_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}O40_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1105}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:77.8458}{lalign 3:*}{txt} {space 1}{res} {ralign 9:77.8458}{lalign 3:*}{txt} {space 1}{res} {ralign 9:77.8458}{lalign 3:*}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5761}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5691}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}{res} {ralign 9:2.3665}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 59:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
.                 ******* reghdfe LOG w/ country and cell fixed-effects ******
.                                         
. estimates table  log_fe2_R log_fe2_H log_fe2_W*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_R} {space 1} {center 12:log_fe2_H} {space 1} {center 12:log_fe2_W5} {space 1} {center 12:log_fe2_W10} {space 1} {center 12:log_fe2_W15} {space 1} {center 12:log_fe2_W20} {space 1} {center 12:log_fe2_W25} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3117}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3042}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2973}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2973}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2952}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2923}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 1}log_R_L3_sd {c |}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 1}log_H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1183}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1275}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W10_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1308}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W15_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1255}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W20_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1541}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W25_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1712}{lalign 3:***}{txt} {space 1}
{res}{txt}log_W30_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W35_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W40_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3635}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3408}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3744}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4021}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3710}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3571}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8869}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8873}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8873}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8872}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8882}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8885}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8850}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8855}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8855}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8853}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8864}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8867}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.6984}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6364}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.8627}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.2747}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.9407}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9869}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_W30} {space 1} {center 12:log_fe2_W35} {space 1} {center 12:log_fe2_W40} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2918}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 1}log_R_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 1}log_H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W10_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W15_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W20_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W25_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W30_L~sd {c |}{res} {ralign 9:0.1733}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W35_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_W40_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.3552}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8886}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8867}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:11.9320}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 59:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. estimates table  log_fe2_R log_fe2_H log_fe2_O*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_R} {space 1} {center 12:log_fe2_H} {space 1} {center 12:log_fe2_O5} {space 1} {center 12:log_fe2_O10} {space 1} {center 12:log_fe2_O15} {space 1} {center 12:log_fe2_O20} {space 1} {center 12:log_fe2_O25} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3117}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3022}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2976}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2981}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2939}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2923}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 1}log_R_L3_sd {c |}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 1}log_H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1183}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1651}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O10_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1316}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O15_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1180}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O20_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1548}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O25_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1712}{lalign 3:***}{txt} {space 1}
{res}{txt}log_O30_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O35_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O40_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3635}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3159}{lalign 3:**}{txt} {space 1}{res} {ralign 9:0.3925}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4247}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3702}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3571}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8869}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8877}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8862}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8882}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8885}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8850}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8858}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8849}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8843}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8864}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8867}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.6984}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9445}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.4401}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6453}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.9446}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9869}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_O30} {space 1} {center 12:log_fe2_O35} {space 1} {center 12:log_fe2_O40} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2918}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2914}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 1}log_R_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 1}log_H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O10_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O15_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O20_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O25_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O30_L~sd {c |}{res} {ralign 9:0.1733}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O35_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_O40_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1743}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.3552}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3544}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8886}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8887}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8867}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8868}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:11.9320}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9546}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 59:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
.                 ******* reghdfe IHS w/ country and cell fixed-effects ******
. 
. estimates table  ihs_fe2_R ihs_fe2_H ihs_fe2_W*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_R} {space 1} {center 12:ihs_fe2_H} {space 1} {center 12:ihs_fe2_W5} {space 1} {center 12:ihs_fe2_W10} {space 1} {center 12:ihs_fe2_W15} {space 1} {center 12:ihs_fe2_W20} {space 1} {center 12:ihs_fe2_W25} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2970}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2913}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2859}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2862}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2848}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2824}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 1}ihs_R_L3_sd {c |}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 1}ihs_H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1089}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1171}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W10_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1190}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W15_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1111}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W20_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1377}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W25_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1552}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_W30_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W35_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W40_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4423}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4171}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4551}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4896}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4566}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4392}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8861}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8864}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8864}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8861}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8870}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8873}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8842}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8845}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8845}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8842}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8851}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8854}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.6567}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.4026}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.5685}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.9012}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.5770}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6482}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_W30} {space 1} {center 12:ihs_fe2_W35} {space 1} {center 12:ihs_fe2_W40} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2819}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 1}ihs_R_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 1}ihs_H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W10_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W15_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W20_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W25_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W30_L~sd {c |}{res} {ralign 9:0.1576}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W35_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_W40_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.4363}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8855}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:10.5893}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 59:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. estimates table  ihs_fe2_R ihs_fe2_H ihs_fe2_O*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_R} {space 1} {center 12:ihs_fe2_H} {space 1} {center 12:ihs_fe2_O5} {space 1} {center 12:ihs_fe2_O10} {space 1} {center 12:ihs_fe2_O15} {space 1} {center 12:ihs_fe2_O20} {space 1} {center 12:ihs_fe2_O25} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2970}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2907}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2864}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2869}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2838}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2824}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 1}ihs_R_L3_sd {c |}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 1}ihs_H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1089}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1477}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O10_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1184}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O15_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1044}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O20_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1383}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O25_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1552}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_O30_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O35_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O40_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4423}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4023}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4773}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5137}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4557}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4392}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8861}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8864}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8859}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8853}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8870}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8873}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8842}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8845}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8839}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8834}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8851}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8854}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.6567}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.7025}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.2979}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.5559}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.5509}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6482}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_O30} {space 1} {center 12:ihs_fe2_O35} {space 1} {center 12:ihs_fe2_O40} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2819}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2815}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 1}ihs_R_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 1}ihs_H_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O10_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O15_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O20_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O25_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O30_L~sd {c |}{res} {ralign 9:0.1576}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O35_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_O40_L~sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1589}{lalign 3:***}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.4363}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4349}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8874}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8855}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8856}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:10.5893}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.6163}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 59:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
.                 ******* reghdfe for product count as outcome *************
. /* 
> 
>                 ******* reghdfe LEVEL w/ country and cell fixed-effects ******
>                                         
> estimates table feC_R feC_H feC_W*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
> 
> estimates table feC_R feC_H feC_O*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
> 
> 
>                 ******* reghdfe LOG w/ country and cell fixed-effects ******
>                                         
> estimates table  log_feC_R log_feC_H log_feC_W*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
> estimates table  log_feC_R log_feC_H log_feC_O*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
> 
> 
>                 ******* reghdfe IHS w/ country and cell fixed-effects ******
> 
> estimates table  ihs_feC_R ihs_feC_H ihs_feC_W*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
> estimates table  ihs_feC_R ihs_feC_H ihs_feC_O*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
> 
> */ 
. 
. log close 
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}R:\WSV2\TBu_AKe\Spatial_NEW\spatial_6_regs_grid_2703.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res}29 Mar 2023, 14:37:12
{txt}{.-}
{smcl}
{txt}{sf}{ul off}